On November 12th, the SEC granted immediate effectiveness to the Municipals Securities Rulemaking Board's proposed revisions to the study outline and selection specifications for the municipal securities representative qualification examination (Series 52) program. The revisions regroup certain topics to allow more detailed testing of certain product knowledge and MSRB rules and eliminate redundancy; delete dated references to certain topics in the current outline; provide detail about products covered in the examination; and incorporate generic terms instead of proprietary names. Comments should be submitted on or before December 9, 2010. SEC Release No. 34-63310.